Heading up, page-18

BT personal advice being sold for a peppercorn to some thing called Viridian. All over AFR and Nine Entertainment’s Fairfax newspapers.

perhaps all the advice businesses in the Australian banks are now worth next to nothing although given the Turkish President’s speech this morning and the Morrison response, the almost certain ALP Government might not be the case if australia has a National Security election.

so WBC May have got rid of personal advice too early because of the incoming Government, like their early dividend call which may have been in vain.

WBC Board clearing the decks before the election.

IMHO a possible buying opportunity. I wonder whether the ALP will be the Armageddon for the Aussie banks the way the market is thinking it will be.